Sec. 271.005. MAXIMUM RATE; ANNUAL ADJUSTMENT. (a) The rate of assessment set by the commissioner may not exceed one percent of the gross premiums subject to assessment under Section 271.006.
(b) The commissioner shall annually adjust the rate of assessment of the maintenance fee so that the fee imposed that year, together with any unexpended funds produced by the fee, produces the amount the commissioner determines is necessary to pay the expenses during the succeeding year of regulating title insurance.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Structure Texas Statutes
Title 3 - Department Funds, Fees, and Taxes
Subtitle D - Title Insurance Maintenance Fees
Chapter 271 - Title Insurance Maintenance Fees
Section 271.001. Applicability of Certain Definitions
Section 271.002. Maintenance Fee Imposed
Section 271.003. Duplication of Assessment Prohibited With Respect to Title Insurance Agents
Section 271.004. Determining Rate of Assessment
Section 271.005. Maximum Rate; Annual Adjustment
Section 271.006. Premiums Subject to Assessment
Section 271.007. Collection of Maintenance Fee
Section 271.008. Duty to Advise Comptroller of Rate
Section 271.009. Effect of Late Advisement of Rate
Section 271.010. Deposit of Maintenance Fees